We are hearing that a 1.5% flood tax will be imposed on cars on October 1. Also 15% VAT will come into effect replacing the 17% GST.
So will the prices of cars in Pakistan go down by 0.5%?
Nope. The only way is up. Remember buddy, Sky is the Limit.
Btw, If this is a serious question, previously alot of items were GST exempt which in simple language means you were paying 17% GST on only 2/10 items. Now the rate has been reduced but exemptions have been withdrawn which means you will be paying 15% VAT on 9/10 items.
In simple words, prices would go up by atleast 10%
ur hilarious man :D:
this is a serious question. its about 'the stage and manner by which VAT will be applied as opposed to how GST is being added to the price of the car.'
it will surely rise!
guys lets join hands and raise this matter in media,,,,,,coz v r nt willing to buy crappy mehran in 6 to 7 lacs,,,,its 2 much ,,,dis is da high tym,,,,,,wakeup guys......zardari is sucking our blood.....
VAT 15% doesnot mean that prices will go down by .5 percent... VAT has totally different mechanism from GST, and as a result we will be paying almost double taxes and on every item that was previously exempt from tax
There is no going down trust me on this one.
govt is also planing to add 10% custom duty more on all imported things so every thing that comes from other countries will become more expensive
+10 So true!
there is no way for prices going downalways up up and awaymay be govt. don't know numbers 1 to 100 but not from 100 to 1